Awright!!!
Unocal, a California-based energy corporation, has rejected a $18.2 billion merger bid from a Chinese company in favor of a $17 billion bid from Chevron. Now, I'm all for spreading the wealth and for the economic growth of other nations, but...
AWRIGHT!!!
China owning a major US firm would be scary at best. As stated in the linked article, "American politicians have warned that CNOOC’s effort could pose risks to U.S. national security and called for a full review by the Bush administration. The Chinese company’s officials have welcomed a security review and denied that CNOOC was acting on behalf of China’s government, which is in the midst of a multibillion-dollar campaign to secure foreign oil and gas supplies to power its booming economy."
The point of the matter is, if CNOOC had bought out Unocal, the Chinese would have had access to advanced technology in drilling and refinement. See this link here for further opinion on this matter.
AWRIGHT!!!
China owning a major US firm would be scary at best. As stated in the linked article, "American politicians have warned that CNOOC’s effort could pose risks to U.S. national security and called for a full review by the Bush administration. The Chinese company’s officials have welcomed a security review and denied that CNOOC was acting on behalf of China’s government, which is in the midst of a multibillion-dollar campaign to secure foreign oil and gas supplies to power its booming economy."
The point of the matter is, if CNOOC had bought out Unocal, the Chinese would have had access to advanced technology in drilling and refinement. See this link here for further opinion on this matter.
posted by xanadian at 11:37 AM
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